Articles
Insurance
Randall & Quilter Investment Holdings (R&Q) subsidiaries Accredited Surety and Casualty Company (Accredited US) and Accredited Insurance (Europe) (Accredited Europe), have completed a number of new program partnerships. 21 August 2019
Insurance
Specialist independent Lloyd’s broker SSL Endeavour has unveiled two “important” senior executive hires for the group on the same day it confirmed it was finalising the acquisition of Worldlink Holdings, a North American aviation brokerage and MGA. 21 August 2019
Insurance
Profitability for non-life reinsurers' underwriting rose in the first half of 2019 caused in part by below average catastrophe losses, which in turn helped to offset mixed results for life reinsurers, according to Fitch Ratings. 20 August 2019
Insurance
Funding for fintech is rising at a dramatic pace with positive implications for insurtech developments ramping up pressure on legacy firms to compete, research suggests. 20 August 2019
Insurance
Lockton has appointed Devin Beresheim as executive vice president at its Lockton Specialty Practices, replacing Brian Kawamoto who retired last year. 20 August 2019
Insurance
The California Earthquake Authority (CEA) has appointed Guy Carpenter as sole reinsurance intermediary for its recently created California Wildfire Fund to develop a risk transfer and reinsurance strategy. 20 August 2019
Insurance
Bermuda-based Syncora Holdings has entered into an agreement to sell its New York financial guarantee insurance subsidiary to Star Insurance Holdings, a part of GoldenTree Asset Management, for $392.5 million in cash. 16 August 2019
Insurance
Canadian property and casualty insurer Intact Financial Corporation has entered into a definitive agreement with Princeton Holdings to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent (MGA) focused on specialty insurance, for approximately C$1 billion ($750 million) in cash. 16 August 2019
Insurance
US-based enterprise risk management agency Cobbs Allen has formed a new specialty insurance brokerage and investment banking platform to serve corporates and private equity clients. The company believes that current consolidation in the marketplace has created a need for an independent platform with scalability and the ability to move quickly and nimbly. 16 August 2019
Insurance
Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management. 15 August 2019
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